With the halal market expected to grow significantly over the next four years, halal labelling will follow suit, according to Euromonitor International. Halal is a growing category in recent years and Euromonitor estimates the global halal market to be worth US$45.3 billion today. By 2020, the market researcher forecasts it…
PFP Group Plans Halal Food Plant In Malaysia
PFP Group, a major Thai frozen seafood processor, plans to set up a halal food plant in Malaysia, estimated to cost 150 million baht (US$4.2 million). The company is negotiating with a potential partner in Malaysia to set up manufacturing and distribution facilities for halal products in the country. In…
India Yoghurt Market Set To Cross US$1 Billion Mark By 2021: TechSci Research Report
According to a report by TechSci Research titled “India Dairy Products Market By Product Type, Competition Forecast &; Opportunities, 2011–2021”, the yoghurt market in India grew at a CAGR of 28.9 percent during 2011 to 2015. It is projected to grow at an even faster pace over the next five…
Novel Ingredients From Food Waste Finding New Applications
Novel ingredients are being created from food waste as sustainability and technological advances are improving extraction and processing methods. These novel ingredients are finding new applications in foods, nutraceuticals and personal care products. According to United Nations’ Food and Agricultural Organisation (FAO), an estimated third of food produced for human…
US Organic Sales Hit New Record Of US$43.3 Billion
According to the Organic Trade Association’s (OTA) 2-16 Organic Industry Survey, conducted from January to March this year, the US organic industry posted new records in 2015, with total organic product sales reaching a new high of US$43.3 billion, rising 11 percent from the previous year’s record and outstripping the…
New Zealand Launches Food Safety Science And Research Centre
A New Zealand Food Safety Science and Research Centre has recently opened at the Manawatu campus of Massey University in Palmerston North. A partnership between the government, industry organisations and research institutions, the centre’s role is to promote, coordinate, and deliver food safety science and research for all of New…
Asia’s Beverage Market Expected To Experience Unprecedented Growth By 2021
By 2021, Asia is predicted to contribute two-thirds of global incremental beverage consumption, with China alone responsible for one-third of the additional volume, according to Canadean’s most recent Global Beverage Forecasts report. Alongside with China, India, Indonesia, Pakistan, Thailand and Vietnam are among the key growing markets and are predicted…
Russia Looks To Asian Businesses In Dairy Production
Businesses in Vietnam and Thailand plan to invest a total of US$3.7 billion in milk and dairy production in Russia, helping the country replace imports affected by trade sanctions on traditional suppliers. Vietnam’s TH Food Chain JSC, known for its TH True Milk brand, began work on the first phase…
South Korea’s Confectionery Giant Orion To Establish Joint Venture With Indonesian Counterpart Delfi
South Korea’s snack giant Orion Confectionery, known for its Choco Pies, announced on 12 May 2016 that it was joining up with Indonesian counterpart Delfi to tap into the Indonesian snack market. Founded in 1984, Delfi is one of Indonesia’s largest confectionary companies with 400 food labels and 300,000 retail…
Elopak To Enter Japanese Market With Pure-Pak Cartons
Nippon Paper Industries has entered into a license agreement with liquid food packaging supplier Elopak to introduce its Pure-Pak carton shapes in the Japanese market. The agreement covers the production of Pure-Pak Classic cartons with Curve feature and Pure-Pak Sense cartons, which already serve the dairy, soft drinks and functional…